FINANCE INNOVATION IN THE PROCESS OF DIGITAL ECONOMY TRANSFORMATION

Finance innovation is essential for efficient functioning of finance market and passing-over to digital economy. Digital technologies reform work methods of state bodies, companies, entrepreneurs and citizens making their objectives easier. Digital innovation stimulates the development of digital ec...

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Autor principal: D. I. Filippov
Formato: article
Lenguaje:RU
Publicado: Plekhanov Russian University of Economics 2018
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Acceso en línea:https://doaj.org/article/8756ae5460ff4d1c84cbe39f1e00796d
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spelling oai:doaj.org-article:8756ae5460ff4d1c84cbe39f1e00796d2021-11-15T05:20:47ZFINANCE INNOVATION IN THE PROCESS OF DIGITAL ECONOMY TRANSFORMATION2413-28292587-925110.21686/2413-2829-2018-3-58-71https://doaj.org/article/8756ae5460ff4d1c84cbe39f1e00796d2018-06-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/497https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251Finance innovation is essential for efficient functioning of finance market and passing-over to digital economy. Digital technologies reform work methods of state bodies, companies, entrepreneurs and citizens making their objectives easier. Digital innovation stimulates the development of digital economy and society, provides an opportunity to use new achievements in different fields and causes transformation of economy. Companies with the high level of organizational and human capital can get the highest profits from investment in digital technologies. These companies are rather flexible and are able to maximize benefits from their investment through finding and using possibilities for sales growth, process reorganization and production efficiency rising. In these circumstances the key driver of the process of passing-over to digital economy is finance innovation. The article shows historical preconditions of the phenomenon, i.e. digital economy rising and offers the author’s definition. The author classifies basic factors affecting the process of digital economy development and puts forward the channels of raising companies’ productivity through investment into digital technologies, which leads to digital transformation of business.D. I. FilippovPlekhanov Russian University of Economicsarticlefinance marketdigital technologiesdigitalizationdigital transformationinformation and communications technologiesbusiness processrisk managementEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 3, Pp 58-71 (2018)
institution DOAJ
collection DOAJ
language RU
topic finance market
digital technologies
digitalization
digital transformation
information and communications technologies
business process
risk management
Economics as a science
HB71-74
spellingShingle finance market
digital technologies
digitalization
digital transformation
information and communications technologies
business process
risk management
Economics as a science
HB71-74
D. I. Filippov
FINANCE INNOVATION IN THE PROCESS OF DIGITAL ECONOMY TRANSFORMATION
description Finance innovation is essential for efficient functioning of finance market and passing-over to digital economy. Digital technologies reform work methods of state bodies, companies, entrepreneurs and citizens making their objectives easier. Digital innovation stimulates the development of digital economy and society, provides an opportunity to use new achievements in different fields and causes transformation of economy. Companies with the high level of organizational and human capital can get the highest profits from investment in digital technologies. These companies are rather flexible and are able to maximize benefits from their investment through finding and using possibilities for sales growth, process reorganization and production efficiency rising. In these circumstances the key driver of the process of passing-over to digital economy is finance innovation. The article shows historical preconditions of the phenomenon, i.e. digital economy rising and offers the author’s definition. The author classifies basic factors affecting the process of digital economy development and puts forward the channels of raising companies’ productivity through investment into digital technologies, which leads to digital transformation of business.
format article
author D. I. Filippov
author_facet D. I. Filippov
author_sort D. I. Filippov
title FINANCE INNOVATION IN THE PROCESS OF DIGITAL ECONOMY TRANSFORMATION
title_short FINANCE INNOVATION IN THE PROCESS OF DIGITAL ECONOMY TRANSFORMATION
title_full FINANCE INNOVATION IN THE PROCESS OF DIGITAL ECONOMY TRANSFORMATION
title_fullStr FINANCE INNOVATION IN THE PROCESS OF DIGITAL ECONOMY TRANSFORMATION
title_full_unstemmed FINANCE INNOVATION IN THE PROCESS OF DIGITAL ECONOMY TRANSFORMATION
title_sort finance innovation in the process of digital economy transformation
publisher Plekhanov Russian University of Economics
publishDate 2018
url https://doaj.org/article/8756ae5460ff4d1c84cbe39f1e00796d
work_keys_str_mv AT difilippov financeinnovationintheprocessofdigitaleconomytransformation
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